ECB’s Draghi warns against US relaxing bank rules – economy

The head of the European Central Bank Mario Draghi has called the idea of relaxing bank rules “very worrisome”.

His comments come after US President Donald Trump ordered a review of rules that were brought in to prevent a repeat of the 2008 financial crisis.

Draghi told the European Parliament’s committee on economic affairs in Brussels: “The last thing we need at this time is the relaxation of regulations.”

He continued: “I think to a great extend the fact that we are not seeing the develop…

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